The European Union and its partners will give Myanmar euro 250 million every year under a strategic cooperation programme from 2014 to 2016, together with loans from EU financial institutions.
EU ambassador to Myanmar Roland Kobia said that EU countries and partner countries of the development programme have made an agreement to give financial support to Myanmar in view of the remarkable progress made under the reform process of the Southeast Asia country.
The EU is contributing its support in six major plans, and this strategic cooperation will boost these plans.
Kobia also said that the partner countries that have contributed to this programme include Germany, Denmark, the UK, Sweden, Italy, Finland, Hungary, the Czech Republic, Ireland, Luxemburg, Netherlands and Poland.
U Soe Thane, Union minister at the President Office, said that the programme came online on 24 November, and euro 30 million will be used for peace-making efforts out of euro 250 million every year.
U Soe Thane said: “Euro 31 million will also be used for parliament, the 2015 election, the rule of law and the judicial system, management, and a census-taking project. This financial support will be useful for the peace-making effort as it is the most fundamental for the development of the country.”
Allotment of these funds includes euro 70 million each year for a rural development programme; 40 million for the health sector; euro 44 million for education; euro 14 million for trade and economic development; euro 5 million for human rights issues; euro 16 million for civil societies; and euro 1 million for environmental conservation.
The EU ambassador said that the assistance proves that the EU is very optimistic about the future of Myanmar, and sends a message that the EU will cooperate with Myanmar in major reform processes, including the 2015 election.
Khin Yandana/Tin Soe Myanma Alinn
EU ambassador to Myanmar Roland Kobia.